agilon health Q2 2022 Earnings Report
Key Takeaways
agilon health reported a 34% increase in revenue to $670 million and a 44% increase in Medicare Advantage membership. The total members on the agilon platform grew to 351,700. Net loss was $21 million, and medical margin increased 49% to $82 million.
Total revenue increased 34% during the second quarter compared to the second quarter of 2021.
Total members live on the agilon platform increased to 351,700 as of June 30, including 261,200 Medicare Advantage members and 90,500 Direct Contracting beneficiaries.
Net loss was $21 million in the second quarter, compared to a net loss of $299 million in the second quarter of 2021.
Medical margin increased 49% during the second quarter compared to the second quarter of 2021.
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agilon health Revenue by Segment
Forward Guidance
agilon health provided guidance for the third quarter and fiscal year 2022.